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like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business channels running twenty four hours a day and it's good news nothing else is happening we're already caught in one so we move on and we just talk about the fiscal cliff correct i always carry everybody everybody in their system even though nothing's really going to change because the economy sucks anyway oh i think it'll change i just don't think they're going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the phrase while realistically nothing
like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if...
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Dec 11, 2012
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is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at our bigger debt picture and soon. because what they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nu
is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at our bigger debt picture and soon. because what they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it...
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the fiscal cliff is something that we need to go over, that way we can enhance our military to special forces and get us some better weaponry. lose the people who are vacationing in all of these foreign countries, limiting the military to doing what it absolutely has to do. host: you are probably the fourth person here who has said we should go over the cliff. the headline from november in "the financial times" was that the fall in consumption would be $200 billion if we go over the cliff. that the u.s. consumer is crucial to growth, they went on to say, because it made up 70% of gdp. some are predicting a recession, a downgrade of our rating for the country. you think it would be ok to go over the cliff? caller: put it this way. only in the last 2000 years of human existence, every time a country goes above 20% tax rate, they failed. rome, babylon. go throughout human history. we are saying it is a 50% tax rate now. what about an 80% tax rate? we cannot survive as a government entity by having so many man hires attached to the host. host: another item attached to the table for debate
the fiscal cliff is something that we need to go over, that way we can enhance our military to special forces and get us some better weaponry. lose the people who are vacationing in all of these foreign countries, limiting the military to doing what it absolutely has to do. host: you are probably the fourth person here who has said we should go over the cliff. the headline from november in "the financial times" was that the fall in consumption would be $200 billion if we go over the...
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let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is expressing the view that the president believes it is still possible to get to a deal, but they want to hear more -- they want to hear specifics from republicans on revenue and they have not heard that. that's what the white house was saying before the deal -- before the meeting last friday they were saying this. the speaker's office is saying they still want to hear from the white house on more details on spending cuts, also that is what the speaker's office was saying before the meeting last friday. so the message today is exactly what it was last friday. the meeting happened yesterday. on sunday. so we are where we were. does that mean that nothing happened in the meeting? no, there could have been
let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is expressing the view that the president believes it is still possible to get to a deal, but they...
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different than what we've been hearing about this fiscal cliff is this doomsday impending fiscal cliff what do you think yes it's actually very simple if you look at the u.s. debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one or two percent at most but the other thing is the turnover in other words they're buying and selling trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they h
different than what we've been hearing about this fiscal cliff is this doomsday impending fiscal cliff what do you think yes it's actually very simple if you look at the u.s. debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment...
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it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i need help. >> millions of people like alecia. she still needs an unemployment check, unclear of the fate of jobless benefits and extension of those in the faiscal cliff fight. conservatives say it's time to end it. >> she has a degree in a field that you would think she would be able to get a job in. accounting. >> she worked for a government agency, she was a child support enforcement office, she worked in child support and all these government jobs keep getting -- so it's budget cuts on one end and budget cuts at the other end. >> thank you. >>> still ahead, is weight an issue when it comes to the white house? h
it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i...
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cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. . >>> here is some indication of how pa
cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed...
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>> well, this whole fiscal cliff melodrama is a bit artificial because congress created this deadline for itself and doesn't seem able to fix. but these groups have a serious message and they're asking congress to something very difficult so using a alan simpson gangnam style video and tweeting certain groups, there was a treat about the impact the automatic tax hike would have on latino families, these are ways in which these groups are trying to hone their message so they can get people mobilized, put pressure on the white house or the congress or both to act here. >> and the campaign is called the millennial campaign. >> woodruff: so it's engaging people who wouldn't be part of these kinds of debates. very interesting. we had another big important user on twit they are week. someone already who already has 1.2 billion followers before he ever joined twitter and that's the pope who is out there. he sent his first tweet today. "dear friend, i am pleased to get in touch with you through twitter, talk for your generous response. i bless all of you from my heart." he's now tweeted seven
>> well, this whole fiscal cliff melodrama is a bit artificial because congress created this deadline for itself and doesn't seem able to fix. but these groups have a serious message and they're asking congress to something very difficult so using a alan simpson gangnam style video and tweeting certain groups, there was a treat about the impact the automatic tax hike would have on latino families, these are ways in which these groups are trying to hone their message so they can get people...
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cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. "outfront" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> th
cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. "outfront" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint...
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talks continue on capitol hill to avoid the fiscal cliff. but where is it all going? house speaker john boehner went to the floor and spoke about his meeting with president obama for the first time. boehner and the president sat down over the weekend. boehner says the meeting was nice and cordial but went on to attack the president's offer on spending cuts. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> boehner and his far right caucus may find the offer unacceptable, but president obama has put a lot on the table. nancy pelosi hit back at boehner's rhetoric today. >> the fact is, the president has and democrats agree, to $1.6 trillion cuts. where are the cuts? in bills that you, mr. speaker, have voted for. >> pelosi
talks continue on capitol hill to avoid the fiscal cliff. but where is it all going? house speaker john boehner went to the floor and spoke about his meeting with president obama for the first time. boehner and the president sat down over the weekend. boehner says the meeting was nice and cordial but went on to attack the president's offer on spending cuts. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced...
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the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it means we will never do it until we're forced by
the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche?...
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. >> this could be another negotiating chip in the fiscal cliff. harry reid's threat. it could be something to try to get more tax increases out of the republicans. megyn: interesting. this is a huge deal back in '06. you haven't heard as much about it now that the shoe is on the other foot. the democrats find themselves in the minority they play rue the day harry reid pushed this through. new questions how to tell if someone is too high to drive. now that marijuana is legal for recreational use in two states, authorities are trying to figure out what the legal limit should be for getting behind the wheel after you toke up. this is why. video of a crash that look the lives of four teenagers. prosecutors say the 17-year-old driver was high on marijuana when he got behind the wheel. it happened on long island in october. the driver took a curb at 110 miles an hour. crossed three lanes of traffic and skidded into trees, one of whicher to the car in half. he survived but his friend did not. the new marijuana law weren't into effect in the state. people can smoke for recrea
. >> this could be another negotiating chip in the fiscal cliff. harry reid's threat. it could be something to try to get more tax increases out of the republicans. megyn: interesting. this is a huge deal back in '06. you haven't heard as much about it now that the shoe is on the other foot. the democrats find themselves in the minority they play rue the day harry reid pushed this through. new questions how to tell if someone is too high to drive. now that marijuana is legal for...
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. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a deal here, that progress is being made. >> all of this is smoke and mirrors. all of this deficit reduction stuff, there isn't any. there aren't any spending cuts. >>
. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >>...
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for the fiscal cliff negotiations and failed in the senate. jenna: let me ask you that is it part of the fiscal cliff negotiations or are food stamps in their own column right now? >> reporter: he tried. it is considered an entitlement program so it has to be funded. he did try to get the specific measure passed in the senate and it failed. jenna: any response from the administration on this? >> reporter: we reached out to the white house on this and want to give them opportunity to explain or comment on the fact under president's first term food stamps are up 39%. amount of americans dependent on them. the white house directed us to the u.s. department of agriculture and oversees this program and other similar programs. here is what they told us. the increase in snap participation during the 2008 and 2010 pared of economic decline which include the recent recession was consistent during increase in previous periods of economic decline. senator sessions and others make a point. the math doesn't add up. as we're seeing unemployment rate tick do
for the fiscal cliff negotiations and failed in the senate. jenna: let me ask you that is it part of the fiscal cliff negotiations or are food stamps in their own column right now? >> reporter: he tried. it is considered an entitlement program so it has to be funded. he did try to get the specific measure passed in the senate and it failed. jenna: any response from the administration on this? >> reporter: we reached out to the white house on this and want to give them opportunity to...
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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is this something that can work out. like they did it wall street before the fiscal cliff hits? if we could rebuild when we're in such bad shape. host: thank you, judy. guest: repaying the money that was barred from social security. that money will be repaid unless congress does something different. think about the $2.7 trillion as spending authority for the social security administration. they can pay full benefits under the law. that money will be paid back over time unless congress changes something. putting more revenue money into social security, right now the appetite in congress is to cut spending. that might be a difficult sell. one reason the program is popular is it is self funded through payroll taxes. there's been a temporary cut in payroll taxes over the past two years. to change the funding of the nature could be done. advocates worry about the consequences of that and making it compete with other dollars with other government programs. congress doesn't touch it and still stays there. if it is competing for scarce dollars, it is more likely it will be cut. host: we
is this something that can work out. like they did it wall street before the fiscal cliff hits? if we could rebuild when we're in such bad shape. host: thank you, judy. guest: repaying the money that was barred from social security. that money will be repaid unless congress does something different. think about the $2.7 trillion as spending authority for the social security administration. they can pay full benefits under the law. that money will be paid back over time unless congress changes...
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caller: i want to talk about the fiscal cliff and several issues. on 55 years old. i finished college. -- i am 55 years old. i have run in several businesses. i decided to go into nursing. i have been unemployed for the last year and they took food stamps and i now have a job for $9 an hour. i what the republicans to tell me how i'm supposed to live on $9. i have a daughter in college. they don't care. they only care about the rich and the bigger corporations. host: going back to the opening question when people look at what is happening in washington as an example of what he is now dealing with. tough.est: these are really big issues. we just had an election where the president ran on tax reform and this is a big friction point right now in terms of who should pay more in trying to settle these fiscal issues. host: another big part of the debate is going to be taxes. who makes up this organization and what will be their focus next year? guest: the rate coalition as a group of companies like verizon and there are a bunch of them all a part of this. host: at&t, home
caller: i want to talk about the fiscal cliff and several issues. on 55 years old. i finished college. -- i am 55 years old. i have run in several businesses. i decided to go into nursing. i have been unemployed for the last year and they took food stamps and i now have a job for $9 an hour. i what the republicans to tell me how i'm supposed to live on $9. i have a daughter in college. they don't care. they only care about the rich and the bigger corporations. host: going back to the opening...
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you want to know what's at the bottom of that fiscal cliff, well, there you have it. many say that what's going to happen if something isn't done soon, but guess what? alice rivlin has a plan. she's a senior fellow at the brookings institution and served as director of the white house office of management and budget, the omb, under president clinton. alice, good morning. >> good morning. >> nice to have you here on the show this morning. you're saying that it's too late for the lame duck congress to pass legislation to fix all the problems that exist, but you have created a framework for something that you call a grand bargain. what is it? >> well, it isn't just me. anybody who has looked at this problem, i was on the simpson/bowles commission and chaired another committee with senator domenici. everybody sees first that the budget is on an unsustainable course. we're on a course to accumulate more debt over the years and accumulate debt faster than the economy can grow. that's not sustainable. the grand bargain is that we have to do something about this, and the thin
you want to know what's at the bottom of that fiscal cliff, well, there you have it. many say that what's going to happen if something isn't done soon, but guess what? alice rivlin has a plan. she's a senior fellow at the brookings institution and served as director of the white house office of management and budget, the omb, under president clinton. alice, good morning. >> good morning. >> nice to have you here on the show this morning. you're saying that it's too late for the lame...
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caller: i want to talk about the fiscal cliff and several issues. i am 55 years old. i finished college. i have run in several businesses. i decided to go into nursing. i have been unemployed for the last year and they took food stamps and i now have a job for $9 an hour. i want the republicans to tell me how i'm supposed to live on $9. i have a daughter in college. they don't care. they only care about the rich and the bigger corporations. host: going back to the opening question when people look at what is happening in washington as an example of what he is now dealing with. guest: it's tough. these are really big issues. we just had an election where the president ran on tax reform and this is a big friction point right now in terms of who should pay more in trying to settle these fiscal issues. host: another big part of the debate is going to be taxes. who makes up this organization and what will be their focus next year? guest: the rate coalition as a group of companies like verizon and there are a bunch of them all a part of this. host: at&t, home depot, lockhee
caller: i want to talk about the fiscal cliff and several issues. i am 55 years old. i finished college. i have run in several businesses. i decided to go into nursing. i have been unemployed for the last year and they took food stamps and i now have a job for $9 an hour. i want the republicans to tell me how i'm supposed to live on $9. i have a daughter in college. they don't care. they only care about the rich and the bigger corporations. host: going back to the opening question when people...
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it would be something like that. but remember, these guys hate the fiscal cliff. you know, it has caused this enormous problem. so the idea of setting up another fiscal cliff six months from now is pretty unappealing. but they'll have to go there. they just haven't quite figured out how to go there yet. >> harold, jump in. to an extent you'd feel the republicans are cornered on their position a bit, especially with this 2% in terms of raising tax rates? how do they get around this and argue back? i don't see it. >> well, i think early on, if you think about a year ago, a little over a year ago, the republicans had a better deal than what's put on the table now. they had a 3 1/2 ratio of spending cuts to tax increases. you're looking at best a 2-1, pure politics. so they've lost that part of the argument. you flip it over and i think these numbers that we're seeing this morning that we've all commented on -- and i happen to agree with steve and david's analysis that at the end of the day, we'll just extend the cuts for middle-class earners and raise it on the top e
it would be something like that. but remember, these guys hate the fiscal cliff. you know, it has caused this enormous problem. so the idea of setting up another fiscal cliff six months from now is pretty unappealing. but they'll have to go there. they just haven't quite figured out how to go there yet. >> harold, jump in. to an extent you'd feel the republicans are cornered on their position a bit, especially with this 2% in terms of raising tax rates? how do they get around this and...
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he talks about the fiscal cliff, affordable care act in laying the groundwork for the 2013-2014 elections. >> why a writers institute? >> i think it is something that is very important. we are a culture of words, of voices. words are a key to our imagination, our capacity to imagine things. we are not completely tied to print on the page. there is no other art form so readily accessible other than perhaps soma, which we work with, too. there is something in literature that captures the human. . the >> joint american history television and c-span local content vehicles as we look behind the scenes of a letter lives of new york city. >> next you hear from bradley manning's attorney about his case. he is accused of leaking classified documents to the web site wikileaks. the trial is under way in maryland. he testified earlier on the conditions he has experienced since being detained in iraq. this is half an hour. >> i really appreciate the turn out here, especially the turn of by the press. thank you for that. i have not participated in any public event for today. i also avoid any interviews
he talks about the fiscal cliff, affordable care act in laying the groundwork for the 2013-2014 elections. >> why a writers institute? >> i think it is something that is very important. we are a culture of words, of voices. words are a key to our imagination, our capacity to imagine things. we are not completely tied to print on the page. there is no other art form so readily accessible other than perhaps soma, which we work with, too. there is something in literature that captures...
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Dec 10, 2012
12/12
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cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're looking at the venue as well. that's where he's going to be speaking at the auto plant at the top of the hour. also saw the president last night at the christmas in washington charity concert in d.c. that event was hosted by conan o'brien and featured the legendary diana ross and psy, who was greeted by the president. the president did not attempt psy's signature dance, gangnam style. they were talking yesterday, but the president did suggest he thinks he can do it. he thinks he can do that dance. we're going to see if that actually ever happens. there was some controversy, however. psy apologizing on friday for anti-american rap performance he did eight years ago. it all seems to be patched up and worked out now. >>> also want to tell you about this extraordinary girl. she was living in o
cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're looking at the venue as well. that's where he's going to be speaking at the auto plant at the top of the hour. also saw the president last night at the christmas in washington charity concert in d.c. that event was hosted by conan o'brien and featured the...
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Dec 13, 2012
12/12
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i worry that during this fiscal cliff we're going to lose those benefits. but i will tell you, i will fight that we don't go over the fiscal cliff. and in the meantime, i say to the men and women at bethlehem steel, thank you for what you did. you built america. you helped save america. you helped save western civilization. we're going to work right now to save your safety net benefits. come to that hall where you can apply for those benefits. they're still there, and we still want to make sure you're eligible. but we want not only a safety net to get you over the hard time, because we believe the best safety net is jobs in american manufacturing. madam president, i'm going to yield the floor, but i will not yield the fight for american jobs. i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: a senator: madam president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be dispensed with. the presiding officer: without objection. under the previous order, the
i worry that during this fiscal cliff we're going to lose those benefits. but i will tell you, i will fight that we don't go over the fiscal cliff. and in the meantime, i say to the men and women at bethlehem steel, thank you for what you did. you built america. you helped save america. you helped save western civilization. we're going to work right now to save your safety net benefits. come to that hall where you can apply for those benefits. they're still there, and we still want to make sure...
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Dec 6, 2012
12/12
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cliff. we'll hear from harry reid and mitch mcconnell. c-span3, the impact of hurricnae ane sandy. a bipartisan group of senators spoke to reporters today about the civil war in syria and the potential use of force against the regime of bashar al-assad. >> good afternoon. i'm here with my colleagues from the senate, senator lieberman, senator gramm. -- graham. we are deeply disturbed by reports that bashar al-assad may have lionized -- weaponized some of his stores of chemical and biological agents and prepare them for use in aerial bombs. these reports also suggest that his forces are awaiting orders to use these weapons. if true, these reports may mean that the united states and our allies are facing the prospect of an eminent use of weapons of mass destruction and syria, and this may be the last warning we get. time for talking about what to do may now be coming to a close, and we may instead be left with an awful and it's very difficult decision. whether to continue on the sidelines and
cliff. we'll hear from harry reid and mitch mcconnell. c-span3, the impact of hurricnae ane sandy. a bipartisan group of senators spoke to reporters today about the civil war in syria and the potential use of force against the regime of bashar al-assad. >> good afternoon. i'm here with my colleagues from the senate, senator lieberman, senator gramm. -- graham. we are deeply disturbed by reports that bashar al-assad may have lionized -- weaponized some of his stores of chemical and...
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Dec 11, 2012
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. >> caller: yes i keep hearing that we are going off the fiscal cliff. as a 65-year-old texan, i don't understand why they want to cut programs from last when they're sending money to countries that don't do nothing for us. if i can live on 800 something dollars a month, getting $9 increasing in january. but these people in washington are getting hundreds and hundreds of dollars. why not take a cut in pay? why not put giving these countries all that money then we can budget what we are going to spend. >> host: that's the type of call that we get a lot. cut their salaries. >> guest: yes, we do hear this question a lot. and i think what you need to understand is that the amount of money that we spend on foreign aid is tiny. we could eliminate it entirely and would only make the slightest in this problem. just a tiny dent, not really enough. similarly, we could totally eliminate any reasons for federal workers and even cut their pay and again the effect would be tiny. so this is fun to talk about but it doesn't solve the problem because it is just a drop in
. >> caller: yes i keep hearing that we are going off the fiscal cliff. as a 65-year-old texan, i don't understand why they want to cut programs from last when they're sending money to countries that don't do nothing for us. if i can live on 800 something dollars a month, getting $9 increasing in january. but these people in washington are getting hundreds and hundreds of dollars. why not take a cut in pay? why not put giving these countries all that money then we can budget what we are...
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Dec 11, 2012
12/12
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i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our country there's been an institutional response to it. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government. we should have a department of homeland prosperity. we need somebody other than the president to think about american competitiveness. something we've taken for gra
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we...
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Dec 11, 2012
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mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic allies simply refused to be pinned down on any spending cuts. americans overwhelmingly support some level of cuts to government spending as part of a plan to cut the federal deficit. yet, the president will not commit to it. he refuses to lead on the issue. the president seems to think if all he talks about are taxes and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance. a couple of weeks ago we saw his plan. after four straight trillion-dollar deficits and two years
mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic...
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Dec 7, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measura
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
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Dec 11, 2012
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. >>> falling off the fiscal cliff, it may mean one thing to washington and something entirely different to millions of struggling americans. cnn's kiong la has the story. >> reporter: she could be facing at year's end a financial free fall. >> i don't know. i wish i wasn't in this situation but it is what it is and i could just do what i can. >> she lost her job as a new home sales manager on january. with an old laptop and a broken cord, she applies for jobs after job in a packed notebook, averaging 15 applications a day. at age 54, this is the first time she's ever been on unemployment. she's emptied out her savings account and now the emergency jobless program has kept her in her townhome giving her $450 a week. but unless the congress and the white house acts, the money stops. >> we're not trying to live off the system. we're trying to survive. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the fiscal cliff isn't just here. from the west to the north to the south, they will be hit the hardest. some two million americans will see thos
. >>> falling off the fiscal cliff, it may mean one thing to washington and something entirely different to millions of struggling americans. cnn's kiong la has the story. >> reporter: she could be facing at year's end a financial free fall. >> i don't know. i wish i wasn't in this situation but it is what it is and i could just do what i can. >> she lost her job as a new home sales manager on january. with an old laptop and a broken cord, she applies for jobs after...
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Dec 8, 2012
12/12
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and on the right the road on the right is the fiscal cliff. really that the is choice if we don't do something about it we are going to go anyway. do you run over the kids with the car or do you take the other road which is not a good one but better than running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts are going to expire they are saying this is great because this means the rich are going to pay more money, we are going to have more money to spend. they are already spending a the lo. they are saying why would we want change? this is great we have more money to spend. >> nancy pelosi saying why aren't we voting on middle class tax cuts? get to the other stuff. put this up for a vote: listen to nancy pelosi. we are not here to pass the middle income tax cut why are we here to not deat a time the middle income tax cut. could it be that the republicans are holding the m
and on the right the road on the right is the fiscal cliff. really that the is choice if we don't do something about it we are going to go anyway. do you run over the kids with the car or do you take the other road which is not a good one but better than running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts...
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Dec 12, 2012
12/12
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we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy copeland a friend and semiphilosopher said that, your health is your wealth. if you raise the medicare age from 65 to 67, you're going to sacrifice the health of people who are not the most fortunate system of while we tax the income of the most wealthy, we'll be taxes what wealth theless wealthy have, their health. that's wrong. mr. president and mr. speaker should not increase that age and tax the poor. thank you, mr. speaker. the speaker pro tempore: for what purpose does the -- does the gentlelady from texas seek recognition? ms. jackson lee: i ask unanimous consent to address the house for one m
we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy...